Expert Works Out If Elon Musk Could Actually Buy Coca-Cola
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The richest man in the world tweeted yesterday (28 April): "Next I'm buying Coca-Cola to put the cocaine back in."
To give the tweet a bit of context, when Coca-Cola launched back in the 1800s, it used an extract from the coca leaf - used to make cocaine - but was removed in the early 1900s.
Although there's a big chance he was only having a laugh, financial experts Fintwit have responded to the 50-year-old with one tweet.
They attached an image of Coca-Cola Co's market history in the past five years and have highlighted the market cap of '284.20B' in red.
Fintwit added: "Elon, you are too poor to buy Coca-Cola."
Elon, you are too poor to buy Coca-Cola pic.twitter.com/9Y171Kz2nT
— Fintwit (@fintwit_news) April 28, 2022
Musk has an estimated net worth of $289 billion (£232.03 billion), according to Bloomberg and would not be able to afford it on his own, reports Newsweek.
However, if he were to purchase the group in the same way he purchased Twitter, there could be a chance.
LADbible has contacted Coca-Cola for comment.
Musk, last week, released a financing plan, which included the backing of Morgan Stanley and other lenders, offering $13 billion (£10.2 billion) in debt financing as well as a further $12.5 billion (£9.8 billion) in loans against his stock in Tesla.
Musk himself also put up $21 billion (£16.49 billion) through equity financing.
Well, the Tesla CEO struck a whopping $44 billion (£33.3 billion) deal with the platform.
Promoting 'free speech', Musk said: "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.
"I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.
"Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it."
Bret Taylor, Twitter's Independent Board Chair, said: "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing.
"The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders."
Twitter CEO Parag Agrawal said: "Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important."
